If you've been caught by fraudsters or got swindled by a scam artist, you should consider reporting your case to the Federal Trade Commission. This simple video outlines what steps you need to take to file a complain. Whether a business hasn't delivered on their promise, or you've been cheated out of money, this video shows you what you need to do next. 

Financial scams targeting seniors have become so prevalent that they’re now considered “the crime of the 21st century.” Why? Because seniors are thought to have a significant amount of money sitting in their accounts.

Tech support scams are easy to fall for because a lot of us aren't experts in this area and believe there could be a problem with your computer (or other device) even when there isn't.

If it sounds too good to be true, it probably is. Scammers are counting on you to not do any research before you invest your money. Investment Fraud can happen to anyone, so be sure to know what you can do to avoid it and how to spot red flags.

Q: I’m trying to increase my credit score ahead of applying for a large loan, so I’m considering signing up for Credit Karma to track my score. How accurate are the credit scores it shares? Is there anything I need to be aware of before signing up for this service?

Did you know the average American household carries $6,358 in credit card debt?

At an average rate of interest, and paying only the minimum, accumulated interest over 5 years may result in your paying double the amount that was originally spent! Find out more.

As a member of MIT FCU, you know that credit unions are always striving to serve their members and community in as many ways as possible. We value each member’s input as an equal owner in the credit union, and offer flexible loan terms as well as low-cost accounts. We also reward our members with higher dividends, and proudly donate our time and our resources to community initiatives and organizations. 

Q: Do I need to have a separate rainy day fund and emergency fund? 

A: Some people like things simple. Just remember, rainy day funds and emergency funds serve different purposes. Find out why both rather than one might be right for you.

You’re in the market for a furry new friend! You’re getting all gooey-eyed thinking of that small, wet nose, those big, droopy eyes, and those happy, frisky barks. And the online ad you’ve seen for an adorable little puppy makes you believe that dream is well within reach—and well within your budget. Watch out for this scam that has been on the rise in 2020